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Sunday, November 06, 2005

Repay your student loans.

Just last week, I received my last diploma in the mail. Now that I'm finally done with school (though I'm never done with learning!), it's time to pay back my student loans. If you are in a similar position, you may want to consider a loan repayment program. In exchange for service to the community, many federal agencies will repay portions of your student loans. Your community gets a well-educated and dedicated servant, and you get your loans repayed. It's win-win! Ready to learn more? Here are several programs you may want to consider:

* The National Institutes of Health has a intramural and extramural loan repayment programs for people with docotral level degrees in health and biomedical sciences. Eligibility depends, in part, on the type of research you do. I hope to qualify for this at some point.

* The AmeriCorps Education Award can be used "to pay educational expenses at qualified institutions of higher education, for educational training, or to repay qualified student loans." As an AmeriCorps volunteer, Kwadjo received this award. Good work!

* The Nursing Education Loan Repayment Program "offers registered nurses substantial assistance to repay educational loans in exchange for service in critical shortage facilities."

* Peace Corps volunteers "with Perkins loans are eligible for a 15 percent cancellation of their outstanding balance for each year of Peace Corps service."

* The Indian Health Service has a loan repayment program that is aimed at "obtain[ing] health professionals to meet the staffing needs of the IHS in Indian health programs."

* The Federal student loan repayment program "permits agencies to repay Federally insured student loans as a recruitment or retention incentive for candidates or current employees of the agency."

* The Association of American Medical Colleges maintains a list of U.S. programs that "offer financial assistance, in the form of loan repayments, for a commitment to service (generally in an area of need). Information regarding each program has been provided by state health departments and other agencies, medical and health professions schools, federal programs, and military agencies."

These are some great ways to get rid of your debt. And they are wonderful ways to make a difference.

"It is not because things are difficult that we do not dare; it is because we do not dare that they are difficult." - Seneca

12 comments:

Karama said...

Certain military service may also make you eligible for student loan repayment.

Karama said...

So what can I do now provides full text XML (Atom) feed. Enjoy! And come back often to click the links, offer your comments, and peruse the archives.

http://sowhatcanido.blogspot.com/atom.xml

templeowlsfan said...

Thanks for the great advice. I wanted to pass along another website that I was told about that also helped... www.youcandealwithit.com

Thanks again!

Karama said...

Thanks for the link, TOF. And thanks for reading So what can I do. Please stop by again soon, and spread the word!

Jim Online said...

Nice list of federal agencies. Thnx a ton.

Karama said...

I'm glad you find the links useful, Jim O. There are so many resources out there. My goal is to organize them in a way so the service-minded, ethics oriented individuals can make use of them.

Please visit So what can I do again soon, and spread the word. Thanks!

Karama said...

Check out this link for other loan forgiveness programs for attorneys, physical therapists, and others.

Anonymous said...

Hi

Checkout this student loan website click here

Canadian Student Loans

Steve said...

Cool information.... Thanks for sharing... It might help some other students...
"Personal Loan"

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